*Weitere Angaben Sonstiges: Erfolgsabhängige und leistungsorientierte Vergütung setzt sich zunehmend auch im Bankensektor durch: Tarifliche Öffnungsklauseln erweitern inzwischen die Möglichkeiten der Entgeltgestaltung. Welche Vergütungsmodelle setzen Banken ein? Wie gelingt es ihnen, durch...

Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...

Debate on the issue of executive pay has intensified after the UK Government published a Green Paper in November 2016 (Green Paper), which discussed, among other things, several concerns with the current regime on executive pay and possible options for reform. In view of the potentially...

A growing number of econometric examinations show that works councils substantially shape the personnel policy of firms in Germany. Firms with works councils make greater use of various HRM practices. This gives rise to the question of whether employers view the shaping of personnel policy...

We explore the relationship between performance-related pay and the attitudes and expectations of a representative sample of British workers. Our results suggest that employees who participate in productivity-linked bonus schemes, discretionary bonus schemes, share ownership or profit sharing...